Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.85B | $4.15B | $4.52B | $5.12B | $2.81B | $3.14B | $2.91B | $6.27B | $7.30B | $8.93B |
| Revenue growth | — | 45.5% | 9.1% | 13.2% | -45.2% | 11.9% | -7.5% | 115.7% | 16.5% | 22.2% |
| Gross profit | $2.09B | $3.40B | $3.58B | $4.06B | $2.19B | $2.42B | $2.25B | $5.13B | $5.93B | $7.19B |
| Gross margin | 73.3% | 81.9% | 79.2% | 79.3% | 78.0% | 77.1% | 77.5% | 81.8% | 81.3% | 80.6% |
| Operating income | -$226M | $450M | $379M | $723M | -$218M | -$221M | $15.0M | $1.59B | $1.94B | $2.26B |
| Operating margin | -7.9% | 10.8% | 8.4% | 14.1% | -7.8% | -7.0% | 0.5% | 25.4% | 26.6% | 25.3% |
| Net income | -$206M | $329M | $162M | $1.01B | -$497M | -$86.0M | $206M | $1.40B | $2.34B | $4.76B |
| Net margin | -7.2% | 7.9% | 3.6% | 19.6% | -17.7% | -2.7% | 7.1% | 22.3% | 32.0% | 53.4% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $759M | $1.09B | $1.04B | $1.05B | -$588M | $388M | $380M | $3.10B | $2.69B | $2.06B |
| Capital expenditures | $98.3M | $72.4M | $98.0M | $118M | $81.0M | $89.0M | $72.0M | $85.0M | $81.0M | $114M |
| Free cash flow | $661M | $1.01B | $938M | $937M | -$669M | $299M | $308M | $3.01B | $2.61B | $1.95B |
| Share buybacks | — | — | — | — | — | — | — | $228M | $298M | $629M |
| Dividends paid | — | — | — | — | — | — | — | — | — | $204M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.83B | $2.80B | $3.13B | $2.86B | $2.77B | $3.11B | $2.46B | $5.86B | $6.64B | $5.70B |
| Total assets | $20.8B | $24.9B | $27.0B | $28.8B | $28.7B | $30.1B | $27.8B | $30.9B | $33.2B | $38.2B |
| Total liabilities | $9.92B | $11.6B | $14.1B | $13.4B | $13.1B | $12.8B | $11.4B | $13.5B | $13.6B | $13.6B |
| Long-term debt | $4.99B | $4.49B | $3.51B | $2.81B | $3.48B | $1.74B | $1.91B | $2.69B | $2.76B | $1.63B |
| Shareholders' equity | $10.3B | $13.0B | $12.6B | $14.9B | $15.4B | $17.2B | $16.3B | $17.2B | $19.4B | $24.4B |
| Shares (wtd avg diluted) | 59.2M | 71.8M | 70.9M | 642M | 601M | 634M | 657M | 671M | 689M | 698M |
Every figure is extracted from Trip.com Group Ltd’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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